₦airaland Forum

david1234:
What you need is rare..but if you need to invest in a private transport company,then mail lukadventureslimited@gmail.com

Thank you for your response. I was hoping that despite the rarity, there would be a few persons on Nairaland that could be of help.

Jay891:
Hi, do you mean like a personal money manager to manage your money in a trading account?

That depends. I don't know how widespread a practice it is in Nigeria, but I meant individuals who have investment operations, e. g., a private investment partnership or company or any structure that doesn't involve offering to or servicing the public and may not be under the purview of regulators because of its private nature.

rationalmind:
These people queuing up to buy GSK, how do they intend to sell after qualifying for dividend? Who will buy? Maybe they intend holding for 15 years

@Coolcash1, if a coy declares 50k dividend for every share of 50k and I have 100 units bought at N1 per share, assuming the current price is N1 , does that mean the DY is 100%?

I hope it's not a case of "influential" shareholder(s) pushing for payment of special dividend or a case where management does not have sufficiently profitable ideas for the funds. If it's the latter, then it's fine, but could it indicate a weak outlook? Or maybe other capital sources will be adequate.

CoolAmbience:
And have you summed the GDP of all countries of the world? What percentage of that is his net worth?

Who doesn't know Bill Gates is second richest man? That's no information. I admire his entrepreneurial prowess, but that does not make him more knowledgeable of the Nigerian economy than Nigerian leaders.

I am sure you know that his super wealth can't be exclusively ascribed to a celestial ability.

While I notice that you somewhat frequently defend the current government, I agree with you that most people seem to ascribe validity to Bill's statements because of his achievements. I don't think most of those commenting have gone through the ERGP. It surely has programmes for human capital development, however, it may not be adequate. In fact, both infrastructure and human capital development plans are likely inadequate to take Nigeria to where she needs to be. The question is whether the government has the focus and willpower to at least actively start doing - and doing well - what needs to be done.

Technically, the government's response is not irrelevant, however, I think they should take a cue that human capital development needs to be given much more attention as that is what would sustain other areas of development.

But this thread is funny though. An education in crowd psychology.

Hmmm

structuredan:
I partner with two companies the first one is a multi concept company u earn 1% daily Roi. The second company is an entrepreneurial company that partners with Amazon the biggest online store u earn 20% Roi every two weeks for 10months both companies have physical address u can visit to confirm call/whatsapp 08132111362 for details

Sorry... Not this kind.

Still hoping...

tritritri:
nice concept..What ur watzap?

Hello. Apologies for the delayed response. I'll prefer a mail if you don't mind. You can send a mail through nairaland..

Kindly share any experience/knowledge you might have..

Thank you.

Please anyone here that could help on this thread?
https://www.nairaland.com/4332539/private-money-managers-here

Thank you.

Hello, anyone

Any Private Investors here?

I mean those that running private investment outfits. Preferably money management investing in traditional instruments like stocks, fixed income etc; or advisory services. Others are welcome too.

How do you go about it in Nigeria? What are the legal and regulatory hurdles and which set up is most cost effective whilst being administratively efficient.

if you have a one/two man shop, I would like to know how you've been able to manage it.

And success stories too.....

Please I will greatly appreciate the help.

Thanks.

cc: Lalasticlala, Statsocial

The topic should be amended.

Covenant University wins CFA Research Challenge, to represent Nigeria at global competition.

It's highly commendable, heard good things from an attendee.

sabanageorge:
Please no bad words.

I have a sizable number of investments. Every month I make about 400k from my investments. I also invested in crypto. The market has been crazy these past weeks, but even with the recession I have about $100k. But I have not cashed out. I don't want to. I want to keep it till year's end, when it may be bigger or maybe zero. who knows.
Then I have my job, which isn't bad, which has earned me all of this. But I'm getting tired of it already and I want to quit. Hoping to live on the 400k I make every month from my investments and a possible larger payout from crypto by the end of the year. What do you think?

Just a few words of advice.

A part of me wishes your thread is in the sections and not on the front page. However, I may not have found it.

Read your post on your saving and investing habit and it's great to see someone doing something I would like to keep doing and doing it well. I don't think I'm near 90% though.

Trust me, enough patient wealth has been built that way.

On your job, it really depends on you. I see you are a well informed investor. Maybe I'll do you a mail.
Nigeria is a highly inflationary environment, so you need to have adequate capital and be able to generate high returns relative to inflation and - although captured under inflation - currency risk. 400k is not bad but I want to believe you compound your wealth. Compounding is really the magic of investing..

For example, say the 400k a month and 4.8m a year amounts to c. 15%, (don't forget that interest rates were relatively elevated and are just moderating, so it may even be unsustainable), that would mean a N32m capital. You have to be able to invest this, compound it and then be able to withdraw funds for living expenses. Compounding at 20% will give you N 1.2b after 20 years and N 47b after 40 (20% is not common in a global sense though).

The main thing is that you are able to compound while drawing funds. If you could withdraw low single digits, it would be great, possibly 4% or less (hypothetical) . 400k a month at 4% per annum means you have N120m capital. Compound that at 15% and you have N1.96b and N32b after 20 and 40 years respectively.

So, yes, you can quit, if you have a way or are capable of compounding well above inflation and withdrawing only a small percentage of returns for spending. Not only will you retain purchasing power but the amount you can withdraw can keep increasing year after year as well (if you can, you can keep the amount constant or increase it slightly to enable you compound even more).

On another note, since this is tied to quitting your job, have you considered OPM since you have some investment knowledge. I have been considering this too and maybe we could get in touch (I don't have plenty money though). You can respond if you're okay with me contacting you.

Cheers.

Appreciate the noble path less traveled, though it be sometimes strait and lonely..

Behold, above a modification, below a new post while I modified.. Well.. I better post this on time.

Unwritten indeed are the days before us in the eyes of many. We, however, rest assured that the blankness is a tome borne of thoughts - thoughts of peace and not of evil, to give us an expected end.

Man made the train, to carry the heavy load...

Awesome!!!

Can anyone knowledgeable about this clarify the law's position on rent payment by new tenants. Has there been a change, this was not indicated in the write up, only referred to payment by a sitting tenant.

Also, any mainland agents or landlords here that strictly adhere to Lagos tenancy law?

hydee123:
drop ur exam number, i am close to password

Please can you snap and paste here?

Ennytizzy:
Please u guys sud calm down.... Am at password but dey r just printing it .... So am still Waiting.... D messages r too much. Please

My advice would be for you to remove your number -
although you have been quoted already - snap the results and paste them here. Very much easier than checking one by one and then having to text/call a possibly sizeable number of people.

Taofaj4u:
It is valid whether you accept or not. This is coming from the source.

This source.... Can you tap into him/her/it to draw out info concerning the waitlisted?

thegreengooner:
Why so offended? No need for that.

I could have answered differently and more eloquently but to what end would it serve?

OYO means On Your Own i.e. If you choose like Abraham to hope against hope, be very sure that you actually heard from God as salvation is personal.

I will ignore the other comments.

Enjoy your day.

Hebrews 11:1

thegreengooner:
OYO means On Your Own i.e. If you choose like Abraham to hope against hope, be very sure that you actually heard from God as salvation is personal.

This is much clearer. Thank you.

thegreengooner:
Like what? I only know how to answer questions...I'm not a messenger.

Is there a plan to eventually employ the candidates that have not yet received offer letters (including those who have not even received letters for medicals).

Thank you.

bigtt76:
You're right Morgan Capital is cheap but has 2500 naira annual charge for use. I don't know of ARM charges outside the transaction charge and statutory fees but their reports might not be too detailed for you. Please JIJO?

Thanks a lot. Now thinking of using at least two brokers. Maybe Morgan and another that has a fund management business. Investment one, ARM or another. At least I can get some change on spare cash if I put it in their money market funds. Makes moving cash easier.

JIJO is a very sharp two-edged sword. I'm not sure I am suited to it, at least from my non-trading experience. I know say na wetin dey reign for here be dat.

chunkuli:
still go with morgan if u intend to jijo frqently

Thanks a lot.
There was a time I saw complaints of hidden charges, as well as poor customer service. They were also suspended at a point in time. for JIJO, won't that be a problem? I know their trading platform is directly linked to the NSE's trading engine but is there any other stockbroker linked in the same way?

I don't really want to do JIJO but it is possible I want to exit shortly. I just don't want a broker that is prone to disappointing it's customers.

If you use Morgan, please share your experience. And other people too. Please help. Thanks.

bigtt76:
You're welcome. I don't know if their charges are 1% of your total transaction cost plus other statutory charges for CSCS, Stamp Duty etc. I hope this helps? How much does Morgan Capital Charges? I choose ARM because they seem more established in other areas outside stock brokerage.

Thank you. Yes it helps. I think Morgan Capital charges 0.25% but I came across some posts saying there are other hidden charges.

I am not really a JIJO person. I don't intend to use signals or indicators per se. More of fundamentals, that's why I need a reliable broker that I can also use their reports. From what I have seen so far, I really like FSDH‘s analyst reports.

Will check ARM's charges. Thanks again.

bigtt76:
Ha! Avoid CSL Stockbrokers (FCMB Subsidiary) they're unresponsive. I've been begging them to register me since God knows when. I use ARM Stockbrokers.

Thanks a lot. What are their charges like, and their research reports? Would you recommend them?

I think Morgan Capital has the lowest transactional costs in the industry but I have come across too many complaints.

bobbyL:
Good evening.

Please can anyone provide some info on reliable stockbrokers for retail investors (at this point), their charges and minimum account opening balance.

I am looking to open a stock broking account. They should have good customer service o, because my questions plenty.
Thanks.

Please can anyone suggest a stockbroker oo. I am thinking CSL securities since Stanbic I learnt has a high opening balance requirement.

thegreengooner:
The exercise is coming to an end. No more delays in Jesus' name. Amen!

Thank you for your help so far.
Please, any information concerning the outstanding medicalisted and waitlisted candidates?

Good evening.

Please can anyone provide some info on reliable stockbrokers for retail investors (at this point), their charges and minimum account opening balance.

I am looking to open a stock broking account. They should have good customer service o, because my questions plenty.
Thanks.